Spot Ethereum exchange-traded funds (ETFs) have logged two straight weeks of outflows amid cooling investor sentiment after months of strong inflows. According to data from SoSoValue, Ether (ETH) products collectively posted $243.9 million in net redemptions for the week ending on Friday, following the previous week’s $311 million outflow. The latest data brings cumulative inflows…
Crypto.com has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, a step it says would expand its federally supervised crypto-custody services for institutions. In Friday’s announcement, the exchange framed the filing as an extension of its regulated, security-first push for large customers — ETF sponsors,…
The crypto world is now furious when wallets linked to the Memex coin of Melania Trump were given 1.23 million Meteora (MET) tokens. The verified blockchain data of SolScan showed that two wallets that received an airdrop of the coins on Thursday, melania-liquidity1.sol and melania-liquidity2.sol, received $784,200 and $454,724 in MET, respectively. Analysts doubt insider…
An increasing number of people have been spreading the narrative that XRP could get close to Bitcoin’s current price, or around $100K per token. An economist explained how supply, demand, and liquidity intertwine with the valuation of currencies to dispel these astronomical forecasts. Ripple is undoubtedly catapulting the adoption of XRP and its underlying technology…
While many Bitcoin proponents have historically brushed off the potential threat posed by quantum computing, the warnings are becoming harder… For the full story, head over to TheCurrencyAnalytics.com.
Turkey’s $200 Billion Crypto Surge: Speculation Trumps Real Adoption in MENA’s Largest Market – CryptoCoin.News Home News Turkey’s $200 Billion Crypto Surge: Speculation Trumps Real Adoption In MENA’s Largest Market
The Bank of England is investigating the rise of financiers lending to data centers as a way to speculate on the future of AI, Bloomberg said. The UK’s top bank has already been examining market risks that could arise if AI companies fail to meet lofty valuations, warning that many could come crashing down in…
Ripple has completed its purchase of global prime broker Hidden Road and rebranded the business as Ripple Prime, a bundled trading, financing and clearing desk for institutions, the company announced Friday. Ripple said the newly branded unit’s business has tripled since the initial announcement and that Ripple Prime now serves more than 300 institutional customers…
DeFi perpetual volume has reached an all-time high of $1.241 trillion in the last 30 days after a surge in perpetual trading in October. On-chain data also showed that DeFi perps volume in the last 24 hours surpassed $45.75 billion. Data from DeFiLlama revealed that Lighter, Aster, and Hyperliquid led in perps trading volume this…
